Qorvo (QRVO) Tops Q2 EPS by 17c; Guides Q3 Lower

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Go back to Qorvo (QRVO) Tops Q2 EPS by 17c; Guides Q3 Lower

Qorvo® Announces Fiscal 2022 Second Quarter Financial Results

November 3, 2021 4:01 PM EDT

GREENSBORO, N.C., Nov. 03, 2021 (GLOBE NEWSWIRE) -- Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connect the world, today announced financial results for the Companys fiscal 2022 second quarter ended October 2, 2021.

On a GAAP basis, revenue for Qorvos fiscal 2022 second quarter was $1.255 billion, gross margin was 49.5%, operating income was $362 million and diluted earnings per share was $2.84. On a non-GAAP basis, gross margin was 52.4%, operating income was $435 million and diluted earnings per share was $3.42.

Bob Bruggeworth, president and chief executive officer of Qorvo, said, Qorvo delivered a strong... More